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Intel Q1 2024 Earnings – The Company Posts a GAAP Net Loss

wccftech.com

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Intel has now announced its earnings for the first quarter of 2024, posting mixed results relative to the consensus expectations.

Intel (NASDAQ: INTC) Earnings Release for the First Quarter of 2024 For the three months that ended on the 31st of March, 2024, Intel reported $12.724 billion in non-GAAP revenue, exceeding consensus expectations of $12.71 billion. Related Story Tesla Q1 2024 Earnings – Model 2 is Coming Revenue (in Billions of Dollars) Revenue 0369121518 0369121518 Q1 2023 11 Q4 2023 15 Q1 2024 Consensus 12 Q1 2024 Actual 12 Here is the actual performance of Intel's business segments in Q1 2023: Segmental Revenue (in Millions of Dollars) Q1 2023Q1 2024 ConsensusQ1 2024 Actual 020004000600080001000012000 020004000600080001000012000 Client Computing Group (CCG) 5.8k7.4k7.5k Datacenter and AI (DCAI) 3.7k3.5k3k Network and Edge 1.5k1.4k1.4k Intel Foundry 4.8k04.4k Mobileye 458372239 If you find charts confusing, here is an alternate view of Intel's segmental revenue: Do note that Intel has changed the way it reports its earnings.

Now, the revenue from CCG, DCAI, and Network and Edge segments will be clubbed under the Intel Products section. Intel's foundry revenue will be displayed in a separate section.

Meanwhile, the revenue from Altera, Mobileye, etc. will now be clubbed under the "All Other" segment. Intel's total segmental revenue amounted to $17.08 billion, including $4.369 billion in revenue recognized in its Foundry division.

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